Magnolia Oil & Gas Corp [MGY] stock prices are down -1.84% to $26.19 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MGY shares have lost -1.62% over the last week, with a monthly amount glided 8.99%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Magnolia Oil & Gas Corp [NYSE: MGY] stock has seen the most recent analyst activity on February 27, 2024, when BofA Securities initiated its Buy rating and assigned the stock a price target of $25. Previously, Citigroup downgraded its rating to Sell on December 11, 2023, and dropped its price target to $18. On November 15, 2023, Wells Fargo initiated with a Equal Weight rating and assigned a price target of $23 on the stock. Mizuho downgraded its rating to a Neutral and decreased its price target to $25 on August 16, 2023. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Mizuho started tracking with a Buy rating for this stock on January 10, 2023, and assigned it a price target of $32. In a note dated September 20, 2022, KeyBanc Capital Markets initiated an Overweight rating and provided a target price of $28 on this stock.
The stock price of Magnolia Oil & Gas Corp [MGY] has been fluctuating between $18.72 and $27.33 over the past year. Currently, Wall Street analysts expect the stock to reach $26.79 within the next 12 months. Magnolia Oil & Gas Corp [NYSE: MGY] shares were valued at $26.19 at the most recent close of the market. An investor can expect a potential return of 2.29% based on the average MGY price forecast.
Analyzing the MGY fundamentals
The Magnolia Oil & Gas Corp [NYSE:MGY] reported sales of 1.23B for trailing twelve months, representing a drop of -7.57%. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at 0.44%, Pretax Profit Margin comes in at 0.45%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.24 and Total Capital is 0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.24.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 25.84 points at the first support level, and at 25.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.76, and for the 2nd resistance point, it is at 27.34.
Ratios To Look Out For
It’s worth pointing out that Magnolia Oil & Gas Corp [NYSE:MGY]’s Current Ratio is 1.88. In addition, the Quick Ratio stands at 1.88 and the Cash Ratio stands at 1.27. Considering the valuation of this stock, the price to sales ratio is 4.36, the price to book ratio is 3.17 and price to earnings (TTM) ratio is 12.84.
Transactions by insiders
Recent insider trading involved LARSON JAMES R, Director, that happened on Sep 12 ’23 when 1000.0 shares were purchased.
